O
regon's housing market has hit a snag, bucking the trend of lawmakers' efforts to boost homebuilding. The state's poor performance is reflected in Realtor.com's latest report card, which gave Oregon a failing grade alongside six other states. Ranked 45th out of 50, Oregon trails behind in terms of affordability and construction.
While the US faces an estimated 4 million-unit housing shortage, the worst of it is concentrated on the coasts, leaving the South and Midwest with more affordable options for first-time buyers. Despite Governor Tina Kotek's ambitious construction goals set in 2023, forecasts indicate Oregon will fall short.
The report card highlights a stark contrast between Oregon's struggles and other states' successes. Montana, which experienced a real estate boom during the pandemic, earned a D grade, while South Carolina took top honors with an A grade, followed closely by Iowa and Texas.
realestate
Oregon Fails Housing Affordability, Homebuilding Test
Oregon's housing shortage worsens despite lawmakers' efforts to boost homebuilding.
Read More - realestate

realestate
Buyers' power shifts pricing dynamics in real estate market
Two new agent surveys show market favoring buyers, with affordability concerns still a top priority.
Read More - realestate

realestate
Boosting Sales in 2023: Data-Driven Insights
ATTOM's midyear review predicts rising inventory could flatten or lower home prices, potentially boosting sales.
Read More

realestate
Texas enacts law restricting foreign adversaries' real estate purchases
Texas bans land acquisitions by adversarial nations like Iran, North Korea and China.